RE: RE: RE: RE: RE: Real Value starts nowHi Ashan,
These warrants date from some time ago.
There are quite a few of them and all are triggered by the sp closing over specific amounts for 10 consecutive days.
The first threshold is 12 cents where we recieve about $50,000.00 into the treasury. the next is .15 when we get $350,000.00.
you are correct that most ppl want to see a 50% spread but in this case they have no choice. These warrant s are forced. The total amount of cash we get to treasury if the sp stays over .25 for 10 days is just under 1 million dollars. Given the implication you can see why some people would want to see the sp forced lower.
I did confirm this with management and these are the approximate figures I recall from the conversation.
please verify for yourself by calling.
jmo.....cheers